April 12, 2008 - 11:45am
News

Update: Lunsford triggers millionaire's amendment, claims $900k in pledges

A spokesperson from the campaign of Democratic Senate candidate Bruce Lunsford confirmed this afternoon that Lunsford contributed an amount to his own campaign sufficient enough to trigger the "millionaire's amendment" in the first fundraising quarter.

In Kentucky, candidates who contribute more than $559,000 to their own campaign enact the provisions of that legislation. Once that threshold is reached, contribution limits for indvidual donors to opponents' campaigns are increased to $6,300 per election cycle.

Beyond the $559,000 figure, candidates in Kentucky who spend $1,118,000 meet a second threshold and limits for their opponents individual contributors jump to $12,600 per cycle.

Lunsford's fellow millionaire Greg Fischer narrowly avoided tripping the amendment by contributing just $49,000 under the first threshold to his own campaign in the 1Q.

The "millionaire's amendment" was a provision included in the McCain-Feingold campaign finance reform legislation of 2001.

Update: Polwatchers reports Lunsford will fall short of the second threshold, having given over $1 million to his campaign. In the 1Q, Lunsford reportedly gave $545,000 to his campaign. Since the March 31 end of that fundraising period, Lunsford has invested $470,000 more.

The campaign also is reporting $280,000 in donations.

Update: In a statement dispatched today, the Lunsford campaign said they raised more than $235,000 in the two week period after March 15th. The statement says the campaign turned its attention to fundraising on that date, when Lunsford officially secured the endorsement of the Kentucky AFL-CIO.

During that two week period, Lunsford is said to have raised over $16,0000 a day while also receiving "pledges" for $900,000 more in primary donations.

Online contributions during the last week in march reportedly accounted for $45,000. The Lunsford campaign dispatched several e-mail solicitations for donations during that time.

The campaign says "nearly" 80 percent of the donations Lunsford garnered were from Kentucky-based donors.

TREY POLLARD is a PolitickerKY.com Reporter and can be reached via email at trey.pollard@politickerky.com.

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